Despite the increase in loan costs after the Bank of Russia raised the key rate to 12%, there are still 0.1% mortgage offers in the market. Alexandra Pozharskaya, specialist of the All-Russian People’s Front project “For the Rights of the Borrowers” said In the broadcast “Radio 1” that such loans are profitable only at first glance. He remembered that the regulator was trying to ban them.
The interlocutor noted that most often, when applying for a 0.1% mortgage, the borrower does not know that the lost profits of the developer and the bank are included in the price per square meter.
“So the flat is unreasonably more expensive than it should be compared to the market. If something goes wrong and a person decides to shorten the loan term or sell this flat, he will be able to do so at the market price, not the price he bought it. It turned out that the person was deceived,” said Pozharskaya.
Dmitry Osyanin, Associate Professor of Financial Control, Analysis and Audit Basic Department of Plekhanov Russian University of Economics, Moscow City Main Control Department estimated 8-10% increase in housing prices in new buildings due to the Central Bank’s decision to raise the key interest rate.
Formerly an economist announcedWhen to expect lower mortgage rates.